Available
Worcester – Dog Clothing Shop
12 Reindeer Court, Worcester, Worcestershire WR1 2DSFreehold Retail Investment
Price
£175,000
Rent P.A.
£12,000
Yield
6.86%
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
3y 8m
Area
2,000 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises two-storey retail unit, t/a dog clothing shop
- Located inside Reindeer Court between The Shambles and New Street, which is home to retailers such as JD Sports, M&S, Greggs, Caffè Nero, Vodafone, TK Maxx and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises two-storey retail unit t/a Dog Clothing Shop and provides the following accommodation and dimensions:
Ground Floor: 105 sq m (1,132 sq ft)
Open Plan Retail, Storage
First Floor: 81 sq m (868 sq ft)
Ancillary, WC
Total NIA: 186 sq m (2,000 sq ft)
Ground Floor: 105 sq m (1,132 sq ft)
Open Plan Retail, Storage
First Floor: 81 sq m (868 sq ft)
Ancillary, WC
Total NIA: 186 sq m (2,000 sq ft)
Tenancy Description
The property is at present let to Hugo and Ted Ltd t/a Dog Clothing Shop for a term of 6 Years from 7th September 2022 at a current rent of £12,000 per annum and the lease contains full repairing and insuring covenants. Rent review linked to RPI on 07.09.25. Tenant option to determine on 07.09.23 and 07.09.25 with min 1 month notice. Lease within Landlord & Tenant Act 1954.
Tenancies & Accommodation
Location Description
Worcester is a city in central England’s West Midlands region. The city is a major retail centre, with several covered shopping centres to accommodate the major chains and many independent shops and restaurants, particularly in Friar Street and New Street. The M5 Motorway runs north–south immediately to the east of the city. It is accessed by Junction 6 (Worcester North) and Junction 7 (Worcester South). Worcester has three stations. Worcester Foregate Street and Worcester Shrub Hill are in the city centre. A third station on the edge of the city, Worcestershire Parkway opened in 2020. The property is located within 0.3 miles from Worcester Foregate Street train station. Nearby occupiers include M&S, Greggs, JD Sports, Costa Coffee and Waterstones, amongst many more.
